23th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7600 |
≥7800 |
7600 – 7750 |
7500 – 7900 |
|
Aluminium |
≤2250 |
≥2350 |
2225 – 2280 |
2225 – 2350 |
|
INR |
≤79.80 |
≥80.10 |
80.20 – 80.80 |
79.70 – 81.25 |
OUR
VIEW
Copper – Looks to bullish
on demand concern.
Better to sell, Buy ≤ 7600,
Sell ≥ 7800
Aluminium – Looks to bullish on demand concern.
Better to buy, Buy ≤ 2250, Sell ≥ 2350
USD/INR – INR
looks weak for a while.
Better to
sell, Buy ≤ 79.80,
Sell ≥ 80.10
FACTOR
AFFECTING MARKET
·
Copper and
Aluminium to remain in demand, following reason :-
i)
Power crisis
in European countries.
ii)
Demand raise
in china.
iii)
Crude demand
raise.
iv)
USD dollar
may get settle.
·
Bank of Japan
has intervent to protect ‘Yen’, which may protect Rupee from depreciating.
·
Sooner of
later, RBI will protect Rupee to depreciate further and trade below 80.
·
But, many
central banks are going to raise Intrest rate which is an indication of
economic slowdown and world is going towards deep recession.
Previous
forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7575 – 7750(22/09) |
7500 – 8000 |
|
Aluminium |
2225(22/09) – 2280 |
2200(22/09) – 2325 |
|
INR |
80.25(22/09)
– 80.80(22/09) |
79.80 – 81(22/09) |
Find previous research,
all you need to know.
https://buysellbs.blogspot.com/2022/09/still-some-positive-in-market-what-are.html
Thank you
Rahul Mudra
Disclaimer: This article is for Study and research purpose. Request you
to use your wisdom before applying it.
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